Femtocell star picoChip ships millionth chip & $20 million in oversubscribed round

Femotcell company picoChip has just announced that it has shipped its 1,000,000 chip and also that it has closed an oversubscribed round of $20 million. picoChip’s existing investors are Atlas Venture, Highland Capital, Intel Capital, Pond Ventures, Rothschild, Samsung, and Scottish Equity Partners all participated.

It is good to see that investors are investing in their existing portfolio companies although picoChip has been gaining traction in the femtocell market for some time. Femtocells is the awkward name given to micro mobile base stations – the kind of thing that you might stick into an office or residential building in order to boost mobile signal.